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Thursday, November 21, 2024

Average cost of college went up for students in Philadelphia County in 2022-23 school year

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Sheila Barker, PhD, Executive Director | Studio Incamminati

Sheila Barker, PhD, Executive Director | Studio Incamminati

College tuition fees rose 5.8% in Philadelphia County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $37,563 on average to attend higher education courses at the time, $2,068 more than the previous school year.

Among the 28 institutions providing full disclosure in the county, the University of Pennsylvania stood out with the highest tuition fees, reaching an average of $63,452. Drexel University followed with an average of $58,965 per year. Curtis Institute of Music students were offered the lowest annual tuition fees at $5,930.

At the time, at least $323.9 million in grants or scholarships were awarded to full-time undergraduates who started at the Philadelphia County universities in the 2022-23 school year. Additionally, federal student loans reached more than $89.6 million.

Currently there are 29 higher education institutions in Philadelphia County, including University of the Arts, Saint Joseph's University, and Peirce College.

Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.

According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.

Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.

Of the 29 institutions in Philadelphia County, Roxborough Memorial Hospital School of Nursing did not provide detailed data on tuition fees.

Available data sometimes exceeds 100% due to rounding and administrative calculations.

Total Student Aid in Philadelphia County Universities in 2022-23 School Year

InstitutionNumber of Students Receiving GrantsTotal Amount of Grants ReceivedAverage Amount of Grant Per StudentNumber of Students Receiving LoansTotal Amount of Loans ReceivedAverage Amount of Loans Per Student
Holy Family University338$8,741,289$25,862254$2,087,358$8,218
Empire Beauty School-NE Philadelphia26$163,141$6,27532$241,078$7,534
Lincoln Technical Institute-Philadelphia278$1,281,515$4,610248$2,076,358$8,372
Walnut Hill College35$120,420$3,44163$448,210$7,114
Roxborough Memorial Hospital School of Nursing------------
Empire Beauty School-Center City Philadelphia112$624,512$5,576116$975,250$8,407
La Salle University549$14,168,549$25,808367$3,805,762$10,370
Health and Technology Training Institute25$132,565$5,3030$0$0
Philadelphia Technician Training548$2,959,163$5,400529$3,864,031$7,304
Prism Career Institute-Philadelphia132$678,651$5,141132$871,553$6,603
Studio Incamminati------------
Thomas Jefferson University756$24,995,869$33,063705$4,086,526$5,796
ASPIRA City College0$0$00$0$0
Temple University4,119$48,978,210$11,8912,854$31,920,789$11,185
Community College of Philadelphia1,021$8,002,173$7,838360$2,046,860$5,686
Moore College of Art and Design113$2,742,119$24,26798$1,415,930$14,448
Jean Madeline Aveda Institute78$337,964$4,333118$1,032,016$8,746
Saint Joseph's University1,092$32,105,265$29,400701$7,728,265$11,025
Drexel University2,885$97,091,505$33,6541,764$19,105,167$10,831
Curtis Institute of Music33$290,263$8,7960$0$0
Aviation Institute of Maintenance-Philadelphia34$262,812$7,73039$299,048$7,668
Chestnut Hill College141$4,193,839$29,744121$872,891$7,214
Talmudical Yeshiva of Philadelphia22$232,800$10,5820$0$0
Orleans Technical College128$1,345,474$10,512121$680,519$5,624
Pennsylvania Academy of the Fine Arts19$360,761$18,98712$161,357$13,446
University of the Arts182$4,790,981$26,324169$1,944,074$11,503
Peirce College0$0$00$0$0
University of Pennsylvania1,160$69,276,035$59,721289$3,905,024$13,512
Jna Institute of Culinary Arts0$0$07$58,643$8,378

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